- Banco Davivienda Colombia
Banco Davivienda Colombia
|Borrower||Banco Davivienda Colombia|
|Financing Type||Private Sector & Trade Finance|
|Instrument||Private Sector Debt|
|Loan Administrator||OPEC Fund|
|OPEC Fund Contribution (US$m)||50.00|
To enable the bank to strengthen its capital base (New Tier 2) and sustain the growth of its lending portfolio to women-owned MSMEs, social housing, and green building projects. This is the OPEC Fund’s first private sector transaction in Colombia. The project will support low-income households’ access to mortgages and improve female entrepreneurs’ access to funding. It will also drive a counter-cyclical action, as many people are facing additional challenges from COVID-19.